One of the things that a lot of people don't understand is just how closely the daily fluctuations in the value of STEEM is linked to how bitcoin is trading. Its very much like having a stock go down with the rest of the market when the DOW is down 200 points. It doesn't necessarily have any bearing on the worth of the underlying stock (or STEEM). The way to see if STEEM is doing well is to compare it to its relative value against other cryptocurrencies (as well as the USD).
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